Procter & Gamble (NYSE:PG – Get Rating) issued its quarterly earnings results on Friday. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05, Briefing.com reports. The firm had revenue of $20.07 billion during the quarter, compared to the consensus estimate of $19.32 billion. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $1.33 EPS. Procter & Gamble updated its FY23 guidance to $5.81-6.04 EPS.
Procter & Gamble Price Performance
PG opened at $156.07 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.37 and a current ratio of 0.56. Procter & Gamble has a 52-week low of $122.18 and a 52-week high of $163.71. The stock has a market capitalization of $368.19 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 4.35 and a beta of 0.41. The stock’s 50 day moving average price is $144.31 and its 200-day moving average price is $143.10.
Procter & Gamble Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Friday, April 21st will be paid a dividend of $0.9407 per share. The ex-dividend date of this dividend is Thursday, April 20th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.91. This represents a $3.76 annualized dividend and a dividend yield of 2.41%. Procter & Gamble’s payout ratio is 65.51%.
Analyst Upgrades and Downgrades
Insider Activity
In related news, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $141.82, for a total value of $61,691.70. Following the sale, the insider now directly owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Andre Schulten sold 1,311 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $180,052.74. Following the sale, the chief financial officer now directly owns 35,142 shares of the company’s stock, valued at $4,826,402.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $141.82, for a total value of $61,691.70. Following the completion of the sale, the insider now directly owns 10,840 shares in the company, valued at $1,537,328.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,766 shares of company stock valued at $656,511. Company insiders own 0.26% of the company’s stock.
Institutional Investors Weigh In On Procter & Gamble
A number of institutional investors have recently modified their holdings of the stock. AlphaQ Advisors LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth $336,000. Steward Partners Investment Advisory LLC grew its stake in shares of Procter & Gamble by 2.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 239,640 shares of the company’s stock worth $36,320,000 after acquiring an additional 4,830 shares during the last quarter. CI Private Wealth LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth $292,647,000. WealthPLAN Partners LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth $905,000. Finally, Moneta Group Investment Advisors LLC grew its stake in shares of Procter & Gamble by 96,526.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after acquiring an additional 38,495,676 shares during the last quarter. 62.13% of the stock is owned by hedge funds and other institutional investors.
Procter & Gamble Company Profile
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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